Cincinnati Financial earnings per share fall to 38 cents

JohnIttner

NEW YORK (MarketWatch) -- Cincinnati Financial Corp.
CINF, -0.20%
said Wednesday that second-quarter earnings fell to $63 million, or 38 cents a share, compared to $351 million, or $2.02 a share, in the same period a year ago. Revenue fell 28% to $917 million in the period. Atypically high catastrophe losses of $113 million resulted in a consolidated property casualty underwriting loss of $27 million in the second quarter. Analysts polled by FactSet, on average, estimated earnings per share of 42 cents on revenue of $794 million.

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